Janney Montgomery Scott LLC Sells 43,184 Shares of The Procter & Gamble Company (NYSE:PG)

Janney Montgomery Scott LLC cut its position in The Procter & Gamble Company (NYSE:PG) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 950,972 shares of the company’s stock after selling 43,184 shares during the period. Janney Montgomery Scott LLC’s holdings in Procter & Gamble were worth $159,431,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fiera Capital Corp lifted its holdings in shares of Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after buying an additional 19,013 shares during the period. Fred Alger Management LLC lifted its stake in shares of Procter & Gamble by 4.7% in the 2nd quarter. Fred Alger Management LLC now owns 67,580 shares of the company’s stock worth $11,145,000 after purchasing an additional 3,006 shares during the period. Employees Retirement System of Texas boosted its holdings in shares of Procter & Gamble by 11.1% in the second quarter. Employees Retirement System of Texas now owns 566,384 shares of the company’s stock worth $93,408,000 after buying an additional 56,456 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new stake in Procter & Gamble during the second quarter valued at approximately $526,000. Finally, Delta Investment Management LLC increased its holdings in Procter & Gamble by 0.7% during the second quarter. Delta Investment Management LLC now owns 22,045 shares of the company’s stock valued at $3,636,000 after buying an additional 154 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of several analyst reports. Evercore ISI lifted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group dropped their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.25.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 0.9 %

NYSE PG opened at $166.20 on Friday. The Procter & Gamble Company has a 52 week low of $152.06 and a 52 week high of $180.43. The firm has a market capitalization of $391.41 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 3.64 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average of $168.97 and a two-hundred day moving average of $169.38.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 EPS. On average, analysts predict that The Procter & Gamble Company will post 6.92 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is currently 69.48%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.